Answer the Following Questions Using the Information Below:
the Nowra

question 75

Multiple Choice

Answer the following questions using the information below:
The Nowra Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable.Nowra Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
$$\begin{array} { l r r } \text { Month } & \text { Cost } & \text { Hours } \\\text { January } & \$ 40000 & 3500 \\\text { February } & 24400 & 2000 \\\text { March } & 31280 & 2450 \\\text { April } & 36400 & 3000 \\\text { May } & 44160 & 3900 \\\text { June } & 42400 & 3740\end{array}$$
-How is the cost function stated?

• A)y = $21 360 + $1.52X
• B)y = $10 112 + $8.64X
• C)y = $26 672 + $1.84X
• D)y = $3600 + $10.40X

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Definitions:

Hart-Scott-Rodino Antitrust Improvement Act

A federal law that requires companies to file premerger notifications and undergo a review period before completing certain mergers, acquisitions, or transfers of securities.

FTC

The Federal Trade Commission, a U.S. agency responsible for consumer protection and maintaining competition.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at prohibiting certain actions that lead to anti-competitiveness, such as price discrimination, exclusive dealings, and mergers that substantially lessen competition.

Antitrust Violation

An action that contradicts laws established to prevent unfair competition and promote a healthy market environment.